?Los Angeles Lumber Company (LALC) is considering a project with a cost of $1,000 at Year 0 and inflows of $300 at the end of Years 1-5. LALC's cost of capital is 10 percent. What is the project's modified IRR (MIRR)? (Round off the answer to two decimal places.)
A. ?10.04 percent
B. ?12.87 percent
C. 15.23 percent?
D. ?18.34 percent
E. ?20.72 percent
Answer: B
You might also like to view...
The management at a pesticide manufacturing company has observed a decline in quality measures. The managers ask Lori, the firm's HR manager, to investigate whether training might solve the problem. Lori conducts needs assessment and recommends a training plan. Which observation will Lori most likely find in her person analysis?
A. Employees of the firm's production department lack clarity in decisions regarding quality standards for manufacturing. B. Machinery and other production equipment in the firm's plant pose a hazard to the employees operating them. C. Training programs offered by the firm lack specific goals and methods for measuring their success. D. The goals of the firm are more focused on the specific needs of a narrow market segment. E. The firm's budget for training has declined from the year before.
An agreement reached between labor and management regarding working conditions and wages is known as a
a. union control. b. wage-and-hour agreement. c. collective employment agreement. d. collective bargaining agreement.
Unlike the General Fund and other major governmental funds for which a budget is legally adopted, proprietary funds are not required by GASB standards to record budgets in their accounting systems, nor are they required to present a budgetary comparison schedule.
Answer the following statement true (T) or false (F)
Perform preliminary analytical procedures using the financial statements provided by the client. Calculate ratios for comparison to the industry averages provided
What will be an ideal response?